Nation's Leading Debt Finance Agency Spearheads Innovate Loyalty Reward Program With American Airlines For Business Financing Marketplace
Primagency offers up to 750,000 American Airlines AAdvantage(R) Miles For CEO's of middle market companies seeking business loans.
(PRWEB) March 29, 2008 -- Primagency (www.primagency.com), the nation's leading business finance agency, today announced a revolutionary combination of Business Loans and Loyalty Rewards. Business owners of middle market companies will earn tremendous amounts of American Airlines miles in a powerful and unique application-offer unmatched by others in the business finance marketplace.
"We will be rewarding business owners one percent of their next business loan in AAdvantage (R) miles.," said Primagency's CEO Steven Lebetkin. "So, for example, a new business loan obtained through us for $30,000,000 will earn the company's CEO 300,000 American Airlines AAdvantage (R) miles.
Primagency has been adding new customized service+technology capabilities to its already robust agency structure which facilitates more than $5 billion of new loans annually, and successfully overhauled the long-entrenched "mom and pop" brokerage model that has resulted in costly inefficiencies. As a larger organization/distributor, Primagency is able to fill the void with an innovative financial product, The Underwriter Report™, as well as the back office operation to support it.
The Underwriter Report™, allows all participants in a typical transaction -- borrowers, their advisors, and lenders to engage, for the first time, in a fair and comprehensive loan positioning and funding process. Traditionally, these disconnected constituents operated in a random environment with separate and often conflicting objectives and timeliness.
"Companies that begin the underwriting process with us will earn several thousand miles at the outset", continues Lebetkin, " Just starting the process before a loan closing generates miles for the business owner, and lots more at closing".
Anyone who is paying any attention to the economy knows, there is a major sea change going on now.
The cycle has already come full circle to a market of tightening business credit, lenders running out of cash, and fewer lenders due to consolidation and other factors. On-staff credit professionals - many who have come to Primagency from the lending due-diligence environment and understand it thoroughly - guide qualified financings from sourcing to closing. Unlike lender matching services that rely solely on sort-and-filter technology, hands-on agents - real people crafting real business credit profiles - prepare, target and connect borrowers to the lenders most likely to offer their businesses a custom-fit loan solution.
"The process of borrowing money is becoming more stressful than ever. By offering loyalty rewards to CEO's, we can help alleviate some of that stress and making the lending experience that much more pleasant and enjoyable", says Lebetkin.
About Primagency
Primagency (www.primagency.com) is a national finance agency managing the secured debt funding process from pre-underwriting to closing. Since 2002, the company's mission has been to re-engineer the funding process through its' agency perspective, state-of-the-art technologies, and customized solutions designed to benefit both borrowers and lenders. The Primagency group of companies facilitates more than $5 billion in closed business loans per year.
American Airlines reserves the right to change AAdvantage program rules, regulations, travel awards and special offers at any time without notice, and to end the AAdvantage program with six months notice. Any such changes may affect your ability to use the awards or mileage credits that you have accumulated. American Airlines is not responsible for products or services offered by other participating companies. For complete details about the AAdvantage program, visit www.aa.com/aadvantage. AAdvantage is a registered trademark of American Airlines, Inc.
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